electric car

The lame-duck Biden administration lends $6.6 billion to Tesla rival Rivian

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The lame-duck Biden administration lends $6.6 billion to Tesla rival Rivian

Shares of a struggling electric car maker competing against Tesla are rising this week after the lame-duck Biden administration lent the company billions of dollars. The Energy Department announced Tuesday that it was providing a $6.6 billion loan to Rivian to build a $5 billion electric car factory in Georgia, which the company initially started … Read more

Elon Musk tears up California. Govt. Gavin Newsom on the ‘crazy’ move to exclude Tesla from the rebate plan

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Elon Musk tears up California. Govt. Gavin Newsom on the 'crazy' move to exclude Tesla from the rebate plan

Governor of California. Gavin Newsom is rolling out a plan to offer rebates to those who buy electric vehicles other than Tesla — a move that was called “crazy” by the company’s CEO Elon Musk, who has emerged as a fierce critic of the Democrat and a supporter of the President. – chooses Donald Trump. … Read more